Publication Date:
Tue, 2013-01-15 10:32
Article Image:
San Francisco's The Mission is one of Redfin's real estate neighborhoods to watch in 2013. Photo courtesy of Redfin.
Redfin, the technology-powered real estate broker, has compiled a list of the hottest emerging neighborhoods and small cities for real estate in 16 cities across the country.
The ranking was based on input from Redfin real estate agents and analysis of current data in the number of homes for sale, sales volume, home prices, and sales-to-list price ratios.
Most analysts now agree that 2012 was the bottom for the housing market, and 2013 is likely to usher in further gains in both home prices and sales. Redfin’s analysis identifies areas on the upswing that have not yet peaked, where there is still good value and plenty opportunity for growth.
The following are the top 10 hottest neighborhoods across the U.S., comparing December 2011 data with December 2012:
Neighborhood - Market
1. Highland Park - Los Angeles
2. Mira Mesa - San Diego
3. Faircrest Heights - Los Angeles
4. Eagle Rock - Los Angeles
5. Livermore - SF East Bay
6. Willow Glen - SF Silicon Valley
7. Glassell Park - Los Angeles
8. Logan Square - Chicago
9. The Mission - SF Peninsula
10. North Maple Leaf - Seattle
The top three areas for each market studied:
Atlanta
1. Roswell
2. Smyra
3. Suwanee
Austin
1. Rosedale
2. Crestview
3. Zilker
Boston
1. Somerville
2. Medford
3. Waltham
Chicago
1. Logan Square
2. East Village/Noble Square
3. Fulton Market
Dallas
1. Colleyville
2. Lake Highlands
3. Castle Hills
Denver
1. Uptown
2. Baker
3. Montclair
Los Angeles
1. Highland Park
2. Faircrest Heights
3. Eagle Rock
Philadelphia
1. Phoenixville
2. Brewerytown
3. West Mount Airy
Phoenix
1. Windsor Square
2. Gilbert
3. Old Town Scottsdale
Portland
1. Sylvan-West Haven
2. Stoller School, Beaverton
3. Kenton
Sacramento
1. Folsom
2. Granite Bay
3. El Dorado Hills
San Diego
1. Mira Mesa
2. San Marcos
3. Eastlake
East Bay/Silicon Valley
1. Livermore
2. Willow Glen
3. East Dublin
San Francisco peninsula
1. The Mission
2. Foster City
3. Belmont
Seattle
1. North Maple Leaf
2. West Bellevue
3. Bothell
Washington, D.C., area
1. Pimmit Hills
2. Petworth
3. Fallsmead
